Genie Energy Ltd. (NYSE:GNE – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 13th will be paid a dividend of $0.0750 per share by the oil and gas producer on Monday, November 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 13th.
Genie Energy Price Performance
GNE opened at $18.95 on Wednesday. Genie Energy has a 12 month low of $12.69 and a 12 month high of $19.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.62 and a current ratio of 2.78. The stock’s 50 day moving average price is $16.42 and its 200 day moving average price is $14.74.
Analyst Ratings Changes
GNE has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genie Energy in a report on Monday, September 14th. Freedom Capital cut shares of Genie Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Genie Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Freedom Broker raised shares of Genie Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on Genie Energy
About Genie Energy
Genie Energy Ltd. is an energy services company that provides electricity and natural gas to residential and small-business customers through retail energy businesses. Its offerings may include energy supply plans, renewable energy options and related services, with operations conducted through a portfolio of brands and subsidiaries. The company’s retail energy activities have historically included serving customers in U.S. deregulated energy markets, where consumers can select an independent supplier rather than purchasing supply directly from a regulated utility.
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